Minor Admitted to the Benefit of a Partnership: Minor cannot be a Partner

A minor cannot be a partner in a partnership. This is because a minor is not legally competent to enter into a contract.

However, a minor can be admitted to the benefits of a partnership. This means that the minor can share in the profits of the partnership, but they do not have any liability for the debts of the partnership.

The admission of a minor to the benefits of a partnership must be in writing and it must be approved by all of the partners.

Here are some MCQs on the topic of minor admitted to the benefit of a partnership: minor cannot be a partner:

1. Which of the following statements is true?
   • A minor cannot be a partner in a partnership.
   • A minor can be admitted to the benefits of a partnership.
   • The admission of a minor to the benefits of a partnership must be in writing and it must be approved by all of the partners.
   • All of the above.
   • The answer is (d). All of the above statements are true.
2. A minor is admitted to the benefits of a partnership. The minor is not liable for the debts of the partnership.
   • True.
   • False.
   • The answer is (a). The minor is not liable for the debts of the partnership, as they are not a partner.
3. A minor is admitted to the benefits of a partnership. The minor can participate in the management of the partnership.
   • True.
   • False.
   • The answer is (b). The minor cannot participate in the management of the partnership, as they are not a partner.